Critical Illness Insurance offers you a unique and affordable solution. If you’ve suffered a covered condition, this plan can provide a lump-sum cash payment of up to $250,000, paid directly to you to help you cope with the financial costs of your recovery – it can be used any way you want.

Valuable features help you secure what matters most

The Critical Illness Plan offers both members and spouses these valuable features:

10% savings

You and your spouse can save 10% on total premiums for coverage amounts of $125,000 or more.

Benefit amount paid to you in a lump sum

Unlike life insurance, the Alumni Critical Illness benefit amount is paid directly to you rather than to a beneficiary. Unlike disability payments that you receive monthly while disabled, critical illness insurance is paid out once in a lump sum.

Return of Premium on Death

If you die while the coverage is in force, and has not received a Critical Illness payment, a death benefit equal to 100% of the premiums paid will be payable to the estate of the insured.  

Choose benefits of up to $250,000 per person

You can purchase coverage in increments of $25,000, from $25,000 up to $250,000, if you are under age 65. You can also extend this coverage to your spouse, if under age 65, for the same choice of coverage amount.

Critical Illness benefits are paid in a lump sum, directly to you and can be used however you choose. For example, you can:

  • Fund alternative medical treatment or medical treatment outside the country
  • Cover the cost of uninsured medical expenses
  • Adapt your home to accommodate a medical condition
  • Pay off a mortgage or other debt or continue your retirement or investment contributions
  • Fund job retraining or vocational rehabilitation
  • Replace reduced earnings or fund a move to a less stressful form of employment
  • Fund childcare expenses
  • Take a vacation

Critical Illness coverage offers a lump sum benefit of up to $250,000, paid directly to you, to spend as you wish, following 30 days' survival after the first diagnosis (or any longer period as specified in the policy) of one of the covered illnesses.

  1. Life-Threatening Cancer1
    A tumour characterized by the uncontrolled growth and spread of malignant cells and the invasion of tissue as confirmed by histological examination of tissue samples. 

    The following cancers are excluded from coverage:

    • Carcinoma in situ;
    • Stage 1A malignant melanoma (melanoma less than or equal to 1.0 mm in thickness, not ulcerated and without level IV or V invasion)
    • Any non-melanoma skin cancer that has not become metastatic (spread to distant organs);
    • Stage A (T1a and T1b) prostate cancer;
    • any tumour in the presence of any human immunodeficiency virus (HIV).
  2. Heart Attack

    The death of a portion of the heart muscle due to atherosclerotic heart disease. The diagnosis must be based on all of the following criteria occurring at the same time:

    • New episode of typical chest pain or equivalent symptoms; and
    • Resulting from the blockage of one or more coronary arteries; and
    • New electrocardiographic changes indicative of myocardial infarction; and
    • Biochemical evidence of myocardial necrosis including elevated cardiac enzymes and/or troponin; and
    • Excluding minor heart attacks that do not meet all of these criteria.
  3. Stroke
    A cerebrovascular incident causing infarction of your brain tissue, due to intracranial hemorrhage, thrombosis or embolism, producing a new measurable permanent clinical neurological deficit persisting for at least 30 days following the occurrence of the stroke
    Transient Ischemic Attacks (TIA) and neurological deficits caused by external trauma are specifically excluded.
  4. Coronary artery bypass surgery
    You have undergone heart surgery to correct narrowing or blockage of one or more coronary arteries with bypass grafts.  This excludes non-surgical techniques such as balloon angioplasty or laser relief of an obstruction.
  5. Major Organ Transplant
    The receiving of a transplant of a human heart, liver, lung or human bone marrow, due to irreversible failure of such organ.
  6. Kidney Failure
    End-stage renal disease, due to whatever cause or causes, resulting in regular peritoneal dialysis, hemodialysis or receiving a transplanted human kidney.

Some conditions apply if a critical illness occurs or is diagnosed outside of Canada. This insurance does not cover any loss, or expenses caused or contributed to by:

  • Intentionally self-inflicted injury 
  • Attempt at suicide, while sane or insane; 
  • Committing or attempting to commit a criminal offence; 
  • Operating a motorized vehicle, vessel, aircraft or railway equipment, whether or not in motion while the concentration of alcohol in 100 ml. of bodily fluid exceeds 80 mg.;
  • The use of any drug, poisonous substance, intoxicant, or narcotic, unless prescribed by a licensed Physician and taken in accordance with directions given by the Physician;
  • The use of alcohol; 
  • War and any hazard arising from war or hostile action of the armed forces of any county, whether such war is declared or undeclared. 

No Critical Illness benefit will be payable if you do not survive for a period of 30 days following the first diagnosis of a covered condition, or any longer period as specified in the policy. Additional requirements will apply if the illness occurs or is diagnosed outside Canada. 

Coverage for members and spouses under this plan will end on the earliest of the following dates: 

  • When the Master Policy is terminated; 
  • When you make a written request to terminate this coverage; 
  • When the coverage lapses due to non-payment of premiums; 
  • When you reached age 70 on policy anniversary; 
  • On the date of your death; 
  • The date when a Critical Illness benefit is paid to you

You are eligible to apply if:

  • You are an alumni member or their spouse
  • You are a Canadian resident
  • You are between the ages of 18 and 65
Age2 Male Female
18 to 25 $6.71 $6.49
26 $6.88 $6.68
27 $7.06 $6.88
28 $7.24 $7.09
29 $7.43 $7.31
30 $7.62 $7.53
31 $7.86 $7.81
32 $8.10 $8.11
33 $8.36 $8.41
34 $8.62 $8.73
35 $8.89 $9.06
36 $9.10 $9.41
37 $9.32 $9.77
38 $9.54 $10.15
39 $9.77 $10.54
40 $10.00 $10.94
41 $10.73 $11.64
42 $11.51 $12.38
43 $12.34 $13.17
44 $13.23 $14.02
45 $14.19 $14.91
46 $15.37 $15.55
47 $16.65 $16.23
48 $18.03 $16.93
49 $19.53 $17.66
50 $21.15 $18.42
51 $23.23 $19.50
52 $25.51 $20.65
53 $28.01 $21.86
54 $30.76 $23.14
55 $33.77 $24.50
56 $36.64 $25.95
57 $39.75 $27.49
58 $43.13 $29.11
59 $46.79 $30.83
60 $50.77 $32.65
61 $53.04 $34.77
62 $55.42 $37.02
63 $57.90 $39.42
64 $60.49 $41.97
65 $63.20 $44.69
663 $68.57 $47.33
67 to 693 $73.94 $49.96

Rates are subject to change. These rates are guaranteed for 5 years. After 5 years, your rate will increase to reflect the rate of your age at that time The new rate will be guaranteed for another 5 years.
1 Non-smokers are those who have not used tobacco or tobacco cessation products in the last 12 months and who meet Manulife’s health standards.
2 Age means attained age. Any applicant must be a resident of Canada and between the ages of 18 and 65, inclusive, to apply.
3 Premiums for renewals only. Coverage ends at age 70.

Age1 Male Female
18 - 25 $7.43 $7.49
26 $7.73 $7.79
27 $8.04 $8.11
28 $8.36 $8.44
29 $8.69 $8.79
30 $9.04 $9.15
31 $9.55 $9.54
32 $10.09 $9.95
33 $10.66 $10.38
34 $11.26 $10.82
35 $11.90 $11.28
36 $12.45 $11.95
37 $13.02 $12.65
38 $13.63 $13.39
39 $14.26 $14.18
40 $14.92 $15.01
41 $16.47 $16.37
42 $18.18 $17.86
43 $20.06 $19.49
44 $22.15 $21.26
45 $24.45 $23.19
46 $27.16 $24.97
47 $30.17 $26.89
48 $33.51 $28.95
49 $37.23 $31.17
50 $41.35 $33.56
51 $46.29 $36.34
52 $51.81 $39.35
53 $57.99 $42.62
54 $64.91 $46.15
55 $72.65 $49.97
56 $78.69 $53.16
57 $85.23 $56.55
58 $92.32 $60.16
59 $99.99 $64.00
60 $108.30 $68.08
61 $116.63 $71.11
62 $125.59 $74.28
63 $135.24 $77.59
64 $145.63 $81.05
65 $156.82 $84.66
662 $167.77 $89.67
67 to 692 $178.71 $94.67

* Rates are subject to change. These rates are guaranteed for 5 years. After 5 years, your rate will increase to reflect the rate of your age at that time The new rate will be guaranteed for another 5 years.
1 Age means attained age. Any applicant must be a resident of Canada and between the ages of 18 and 65, inclusive, to apply.
2 Premiums for renewals only. Coverage ends at age 70.

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Our 30-day guarantee

Your satisfaction is our number one priority. Once you receive your insurance policy, examine it carefully. If you are not completely satisfied, contact us within 30 days and we will cancel your coverage and refund your premium in full, no questions asked.*